Section A
General Disclosures
Our 2030 sustainability commitments enable us to achieve tangible outcomes and drive transformative change. By seamlessly integrating social and environmental considerations into our operations and decisions, we are actively shaping a better, more sustainable tomorrow.
Message from Our Leadership
“Sustainability is in our DNA at Ambuja Cements. Deeply committed to environmental, social, and governance (ESG) principles, everything we do is guided by a focus on a sustainable future. Leading the way with 85% blended cement production, we are minimising resource use today for a greener tomorrow. We are proud to be 8x plastic negative and 11x water positive, actively taking steps to reduce plastic use and replenish water resources. Cutting edge technologies and processes drive our operational efficiency, reducing our carbon footprint, and promote a circular economy. This constant focus is anchored by our ambitious science-based target of achieving net zero emissions by 2050. It's a bold vision, but one we are determined to achieve. Join us in building a greener tomorrow!”
Ajay Kapur Whole Time Director and CEO
3297
Employees
1033
Workers
3.27 million
CSR beneficiaries
Essential Indicators
I. Details of the listed
entity
|
|
||
|---|---|---|
|
1
|
Corporate Identification
Number (CIN) of the Listed
Entity
|
L26942GJ1981PLC004717
|
|
2
|
Name
of the Listed Entity
|
Ambuja Cements
Limited
|
|
3
|
Year
of incorporation
|
1981
|
|
4
|
Registered
office address
|
Adani Corporate House,
Shantigram, Near
Vaishno Devi Circle, S.G.
Highway,
Ahmedabad – 382421
|
|
5
|
Corporate
address
|
Adani Corporate House,
Shantigram, Near
Vaishno Devi Circle, S.G.
Highway, Ahmedabad
– 382421
|
|
6
|
E-mail
|
secretarial@adani.com
|
|
7
|
Telephone
|
+917926565555
|
|
8
|
Website
|
https://www.ambujacement.com/
|
|
9
|
Financial
year for which reporting is
being done
|
April 2023 to March
2024
|
|
10
|
Name
of the Stock Exchange(s)
where shares are
listed
|
BSE
NSE Luxembourg (GDR) |
|
11
|
Paid-up
Capital
|
₹
439.53 crore
|
|
12
|
Name
and contact details
(telephone, email address)
of the person who may be
contacted in case of any
queries on the BRSR
report
|
Name: Neeru Bansal
Address: Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S.G. Highway, Ahmedabad – 382421 Contact: + 91 9825386934 Email ID: neeru.bansal@adani.com |
|
13
|
Reporting
boundary - Are the
disclosures under this
report made on a standalone
basis (i.e. only for the
entity) or on a consolidated
basis (i.e. for the entity
and all the entities
which form a part of its
consolidated financial
statements, taken
together).
|
Disclosures made in this
report are on a
consolidated basis
for all Integrated Units and
Grinding units,
mines and bulk cement terminals.Details
of subsidiary companies and
joint ventures are
not included here.
|
|
14
|
Name
of assurance provider
|
Intertek India Pvt.
Ltd.
|
|
15
|
Type
of assurance obtained
|
Reasonable assurance for
BRSR Core and Limited
Assurance for
other parameters
|
II. Products/services
16. Details of business activities (accounting for 90% of the turnover):
|
Sr.
No.
|
Description of Main
Activity
|
Description of Business
Activity
|
% of Turnover of the
entity
|
|
|---|---|---|---|---|
|
1.
|
Manufacturing
|
Cement, Clinker
|
100%
|
|
17. Products/Services sold by the entity (accounting for 90% of the entity’s Turnover):
|
Sr.
No.
|
Product/Service
|
NIC
Code
|
%
of total Turnover
contributed
|
|
|---|---|---|---|---|
|
1.
|
Cement
and Cement Products
|
23941
|
100%
|
|
III. Operations
18. Number of locations where plants and/or operations/offices of the entity are situated
|
Location
|
Number of plants
|
Number
of offices
|
Total
|
|---|---|---|---|
|
National
|
14
|
53
|
67
|
|
International
|
O
|
O
|
O
|
19. Markets served by the entity:
- Number of locations
|
Locations
|
Number
|
|---|---|
|
National
(No. of States)
|
25
states and 510+ districts
(~72%)
|
|
International
(No. of Countries)
|
NIL
|
- What is the contribution of exports as a percentage of the total turnover of the entity? Nil. We are not doing export of our products.
- A brief on types of customers Individual Home Builders, Developers, Infrastructure projects, Masons and Contractors, and Professionals, etc.
IV. Employees
20. Details as at the end of Financial Year:
- Employees and workers (including differently abled):
|
Sr.
No.
|
Particulars
|
Total
(A)
|
Male
|
Female
|
||
|---|---|---|---|---|---|---|
|
No.
(B)
|
% (B / A)
|
No. (C)
|
%
(C / A)
|
|||
|
EMPLOYEES
|
||||||
|
1.
|
Permanent (D)
|
2544
|
2458
|
96.62%
|
86
|
3.38%
|
|
2.
|
Other than Permanent
(E)
|
753
|
751
|
97.33%
|
2
|
0.27%
|
|
3.
|
Total
employees (D + E)
|
3,297
|
3,209
|
97.33%
|
88
|
2.67%
|
|
WORKERS
|
||||||
|
4.
|
Permanent
(F)
|
1,004
|
1,000
|
99.60%
|
4
|
0.40%
|
|
5.
|
Other
than Permanent (G)
|
29
|
29
|
100%
|
O
|
0%
|
|
6.
|
Total
workers (F + G)
|
1,033
|
1,029
|
99.61%
|
4
|
0.39%
|
- Differently abled Employees and workers:
|
Sr.
No.
|
Particulars
|
Total
(A)
|
Male
|
Female
|
||
|---|---|---|---|---|---|---|
|
No.
(B)
|
% (B / A)
|
No. (C)
|
%
(C / A)
|
|||
|
DIFFERENTLY
ABLED EMPLOYEES
|
||||||
|
1.
|
Permanent (D)
|
8
|
8
|
100%
|
O
|
0%
|
|
2.
|
Other than Permanent
(E)
|
O
|
O
|
O%
|
O
|
O%
|
|
3.
|
Total differently abled
employees (D + E)
|
8
|
8
|
100%
|
O
|
O%
|
|
DIFFERENTLY ABLED
WORKERS
|
||||||
|
4.
|
Permanent
(F)
|
9
|
9
|
100%
|
O
|
0%
|
|
5.
|
Other
than Permanent (G)
|
O
|
O
|
O%
|
O
|
O%
|
|
6.
|
Total
differently abled workers (F
+ G)
|
9
|
9
|
100%
|
O
|
O%
|
21. Participation/Inclusion/Representation of women
|
|
Total (A)
|
No. and percentage of
Females
|
|
|---|---|---|---|
|
No.
(B)
|
% (B / A)
|
||
|
Board
of Directors
|
8
|
1
|
12.5%
|
|
Key
Management Personnel
|
3
|
0
|
0%
|
22. Turnover rate for permanent employees and workers
(Disclose trends for the past 3 years)
|
|
FY 2023-24 (Turnover rate in
current FY)
|
2022-23* (Turnover rate in
Jan'22 to Mar'23)
|
2021** (Turnover rate in
previous Year)
|
||||||
|---|---|---|---|---|---|---|---|---|---|
|
Male
|
Female
|
Total
|
Male
|
Female
|
Total
|
Male
|
Female
|
Total
|
|
|
Permanent
Employees
|
25.99%
|
37.78%
|
26.38%
|
20.55%
|
50.76%
|
21.59%
|
14.36%
|
13.64%
|
14.34%
|
|
Permanent
Workers
|
27.89%
|
22.22%
|
27.87%
|
5.71%
|
0.00%
|
5.69%
|
3.04%
|
0.00%
|
3.03%
|
• The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months.
** Data disclosed is for Jan 2021 to Dec 2021
V. Holding, Subsidiary and
Associate Companies (including joint ventures)
23. (a) Names of holding / subsidiary / associate companies / joint ventures
|
Sr.
No.
|
Name
of the holding / subsidiary
/ associate companies /
joint ventures (A)
|
Indicate
whether holding/ Subsidiary/
Associate/ Joint
Venture
|
%
of shares held by listed
entity
|
Does
the entity indicated at
column A, participate in the
Business Responsibility
initiatives of the listed
entity? (Yes/No)
|
|---|---|---|---|---|
|
1.
|
M.G.T
Cements Private
Limited
|
Subsidiary
|
100%
|
No
|
|
2.
|
Chemical
Limes Mundwa Private
Limited
|
Subsidiary
|
100%
|
No
|
|
3.
|
Ambuja
Concrete North Private
Limited
|
Subsidiary
|
100%
|
No
|
|
4.
|
Ambuja
Concrete West Private
Limited
|
Subsidiary
|
100%
|
No
|
|
5.
|
Lotis
IFSC Private Limited
|
Subsidiary
|
100%
|
No
|
|
6.
|
Ambuja
Shipping Services
Limited
|
Subsidiary
|
100%
|
No
|
|
7.
|
Foxworth
Resources and Minerals
Limited (Earlier known
as Ambuja Resources
Limited)
|
Subsidiary
|
100%
|
No
|
|
8.
|
Sanghi
Industries Limited
|
Subsidiary
|
60.44%
|
Yes
|
|
9.
|
ACC
Limited
|
Subsidiary
|
50.05%
|
Yes
|
|
10.
|
One
India BSC Private
Limited
|
Subsidiary
|
50%
|
No
|
|
11.
|
Counto
Microfine Products Private
Limited
|
Joint
Venture
|
50%
|
No
|
|
12.
|
Wardha
Valley Coalfield Private
Limited
|
Joint
Operation
|
27.27%
|
No
|
VI. CSR Details
-
- Whether CSR is applicable as per section 135 of Companies Act, 2013: (Yes/No) : Yes
- Turnover (in `) : 17,919 crore
- Net worth (in `) : 37,007 crore
VII. Transparency and
Disclosures Compliances
- Complaints/Grievances on any of the principles (Principles 1 to 9) under the National Guidelines on Responsible Business Conduct:
|
Stakeholder
group from whom complaint is
received
|
Grievance
Redressal Mechanism in Place
(Yes/No) (If Yes, then
provide web-link for
grievance redress
policy)
|
FY 2023-2024 (Current
Financial Year)
|
FY
Jan 2022 to Mar 2023*
(Previous Financial
Year)
|
||||
|---|---|---|---|---|---|---|---|
|
Number of complaints filed
during the year
|
Number of complaints pending
resolution at close of the
year
|
Remarks
|
Number of complaints filed
during the year
|
Number of complaints pending
resolution at close of the
year
|
Remarks
|
||
|
Communities
|
Yes
|
O
|
O
|
|
O
|
O
|
|
|
Investors
(other than
shareholders)
|
Yes
|
O
|
O
|
|
O
|
O
|
|
|
Shareholders
|
Yes
|
66
|
O
|
|
70
|
O
|
|
|
Employees
and workers
|
Yes
|
7
|
1
|
Practicing
Open door policy.
Grievance are heard by
HR Head, Plant Head
and at CMO level
|
2
|
O
|
|
|
Customers
|
Yes
|
5
|
2
|
|
4
|
O
|
|
|
Value
Chain Partners
|
Yes
|
1
|
1
|
|
O
|
O
|
|
|
Other
(any stakeholder)
|
Yes
|
12
|
3
|
|
14
|
O
|
Anonymous
complaints
|
- The Company had changed its financial year end from December to March in FY23. Therefore, the figure for FY23 is for 15 months
- Overview of the entity’s material responsible business conduct issues Please indicate material responsible business conduct and sustainability issues pertaining to environmental and social matters that present a risk or an opportunity to your business, rationale for identifying the same, approach to adapt or mitigate the risk along-with its financial implications, as per the following format
|
Sr.
No.
|
Material
issue identified
|
Indicate
whether risk or opportunity
(R/O)
|
Rationale
for identifying the risk /
opportunity
|
In
case of risk, approach to
adapt or mitigate
|
Financial
implications of the risk or
opportunity (Indicate
positive or negative
implications)
|
|---|---|---|---|---|---|
|
1.
|
Water
management
|
Risk
and Opportunity
|
Risk-
Water being a shared
resource, it is essential
for business to use it
in a responsible way. These
risks comprise conflicts
with local communities
and stakeholders over
water rights and usage,
potential water scarcity
or quality issues due to
overextraction or
pollution, and
regulatory constraints
on water abstraction
permits or discharge
standards.
Opportunity- By demonstrating commitment to conserving water resources, we can build stronger relationships with local communities and government. This will help us in securing and maintaining social license to operate, especially in water-stressed regions. In future, the company may qualify for government incentives aimed at promoting water conservation and sustainability initiatives. |
We
have been investing in
rainwater harvesting
initiatives, restoring
village ponds,
construction of check
dams, water conservation
at closed mines and
groundwater recharge for
a long time to mitigate
the risk of lack of
water. As a result, the
company is now water
positive
|
Negative
/ Positive
|
|
2.
|
Air
quality
|
Risk
|
Exposure
to dust, SOx, NOx and
other pollutants from
cement plants can lead to
respiratory issues among
employees and nearby
communities. This may
lead to increased costs
associated with healthcare
for affected employees,
and insurance premiums.
The company may also
face opposition, protests
and even legal
restrictions on its
operations.
|
We
focus on improving air
emissions and the
surrounding environment.
We monitor the plants’ stack
emissions through the
Continuous Emission
Monitoring System. We
work on upgradation of
electrostatic precipitations
and replacement of
damaged bags to control dust
emissions. We take
primary and secondary
measures to control NOx
emissions.
|
Negative
|
|
3.
|
Circular
Economy
|
Opportunity
|
Circular
economy offers great
opportunity to lower the
use of natural resources
and fossil fuels in
cement production and
reduces carbon
emissions.
|
-
|
Positive
|
|
4.
|
Climate
and Energy
|
Risk
and Opportunity
|
Risk-
Climate change poses
multiple physical risks
like flooding,
temperature rise, water
stress etc. Emerging and
potential regulations
may introduce or escalate
regulatory risks. These
extreme weather events
can cause infrastructure
damage, may hinder the
supply chain network
affecting timely
delivery of raw
materials and finished
products. It may also
cause power outages and
affect the manufacturing
processes.
Opportunity- Energy cost is a major cost in cement manufacturing. We continuously strive to reduce our specific thermal energy consumption and specific electrical energy consumption to optimise our energy costs. In addition, it is directly related to carbon emissions and by optimising energy consumption, we can lower our carbon emissions. |
The Company has
approximately 90% of
products in its
portfolio
which are blended
products
with lower carbon
footprint.
Further, we are
investing
more and more in renewal
energy and green energy
from WHRS. In addition,
we
have set ambitious
targets
for Thermal Substitution
Rates (TSR) by using
alternate fuels.
|
Negative/
Positive
|
|
5.
|
Biodiversity
|
Risk
and Opportunity
|
Risk-
Land disturbance and
habitat fragmentation
from operational activities
can lead to
biodiversity
degradation.
Opportunity- Restored ecosystems can provide long-term environmental benefits, including enhanced ecosystem services such as water filtration, carbon sequestration, and soil preservation. These benefits not only contribute to global environmental goals but also can have positive economic implications for the company and local communities in the long run. |
We
adhere to Indian
national regulations and
are a signatory to the
India Business and
Biodiversity Initiative
(IBBI) of the
Confederation of Indian
Industry (CII), and
Deutsche Gesellschaft
für Internationale
Zusammenarbeit (GIZ).
We assess the impacts on
biodiversity and
ecosystem services
through set KPIs. This
helps in conservation of
ecosystem.
|
Negative/
Positive
|
|
6.
|
Sustainable
Construction
|
Opportunity
|
Intervention
of sustainable practices
and technologies such as
substitute cementitious
materials, CO2 capture in
the built environment,
and efficient concrete
use help drive down
carbon emissions from
cement production and
hence help to reduce the
carbon footprint.
|
|
Positive
|
|
7.
|
Human
Capital Development
|
Opportunity
|
Through
continuous learning and
development and
strengthened employee
relations, we can
mitigate succession
planning risks, address
skills gaps and ensure
continuity of leadership
and expertise. It will
also help in being
competitive in the
marketplace and stay
ahead of trends. Human
Capital development will
also contribute to an
overall learning culture
in the organisation.
|
|
Positive
|
|
8.
|
Diversity
and Inclusion
|
Opportunity
|
Employee
diversity leads to
increased creativity
and innovation, improved
communication and
teamwork, and a greater
understanding and
appreciation of
different cultures.
Additionally, a diverse
workforce can help to
attract and retain top
talent and can provide a
competitive advantage
for organisations.
|
|
Positive
|
|
9.
|
Human
Rights
|
Risk
and Opportunity
|
Risk-
Concerns related to
child/forced labour,
discrimination or any
other human
rights-related aspects
within the workforce and
value chain may lead to
statutory violations which
may negatively impact
the brand image.
Opportunity- Alignment with the human rights principles and procedures safeguard the employees and value chain partners and ensure zero incidents of non-compliance with regards to International and National Human Rights Standards and Regulations |
We
are committed to
respecting and promoting
human rights across the
value chain by inculcating
a human rights policy.
The policy is in line
with The Universal
Declaration of Human
Rights, Social
Accountability 8000
(SA8000) Standard and
International Treaties
& Conventions related to
Human Rights.
|
Negative/
Positive
|
|
10.
|
Occupational
Health and Safety
|
Risk
and Opportunity
|
Risk-
Failure to protect
workers from occupational
hazards can result in
legal action, fines, and
compensation claims
against the company.
These risks can lead to
significant financial
liabilities and damage
the company's
reputation. Also,
potential employees may
hesitate from joining
the company, and current
employees may leave
if they perceive their
health and safety are
not adequately
protected, leading to
challenges in attracting and
retaining a skilled
workforce.
Opportunity- By prioritising the well-being of all employees and workers, the company can enhance its employer brand, making it a more attractive place to work. Employees are more likely to join and stay with a company that prioritises their well-being, leading to lower turnover rates and higher employee satisfaction. |
We
have developed safety
initiatives including
competency development,
training, audits,
inspections, surveys, We
Care initiatives, Critical
Control Management to
prevent unwanted events,
and especial crossfunctional
teams to drive process
safety. Also, we conduct
safety audits across our
manufacturing sites to
ensure that the actions
are timely closed and
implemented
|
Negative/
Positive
|
|
11.
|
Community
Relations
|
Opportunity
|
Uplifting
livelihood opportunities
improves community
relations which is
essential for the social
license to operate.
Also, a healthy community
will ensure availability
of strong local labour
force, if required at any
given point of
time.
|
|
Positive
|
|
12.
|
Customer
Relationship
Management
|
Opportunity
|
CRM
empowers to build a
positive customer experience
based on relevant,
real-time information
and customer needs that
matters to the business.
It would enable data
driven decision making,
improved customer
experience and hence
drive growth in business
by increasing loyalty
and enhancing
relations.
|
|
Positive
|
|
13.
|
Corporate
Governance and business
ethics
|
Opportunity
|
Effective
governance mechanism in
the organisation gives
an opportunity of building
greater trust among the
stakeholders and creates
long-term value for
them
|
|
Positive
|
|
14.
|
Risk
Management
|
Opportunity
|
Enhanced
Risk awareness and
in-place emergency
preparedness plans help to
better foresee risks
that may emerge due to
climate change,
regulations, and
geopolitical
developments. This helps
to stay one step ahead
and ensure business
continuity and
regulatory
resilience.
|
|
Positive
|
|
15.
|
Sustainable
Supply Chain
|
Risk
& Opportunity
|
Risk-
Improper usage of
resources, human rights
violations, non-compliance
with Supplier Code of
Conduct, zero adoption
of sustainable practices
by suppliers can adversely
impact the environment,
social well-being, value
chain and brand image.
Additionally, it might
also lead to cases of
regulatory non-compliances
and fines.
Opportunity- The company can leverage suppliers near operations to reduce costs, for greater control, quicker response and helps in cutting down significant emissions related to transportation. |
Supply
chain and sourcing
process has a direct
impact on the
environment and communities
such as emissions,
circular economy, water
usage, biodiversity,
material usage and human
rights. We have taken
measures to ensure an
optimum supply chain with
competent
suppliers.
|
Negative/
Positive
|
|
16.
|
Information
technology and data
privacy
|
Risk
& Opportunity
|
Risk-
Instances of information
security breaches could
lead to loss of
sensitive data of customers
including personal
information . It could
also lead to increased media
scrutiny resulting in a
loss of stakeholder
trust, company reputation
and regulatory fines or
penalties.
Opportunity- In the everevolving landscape of digitalisation and innovation, monitoring and analysis of data in real time would lead to quicker identification and resolution of issues. As a result, this will ensure management of systems and processes more effectively |
With
increased digitisation,
and heavy dependence on
technology systems, it
has become critical for us
to ensure implementation
of SOPs and policies,
conduction periodic
internal and external
(third-party) audits and
tests to check the
resilience of the IT
infrastructure from hackers,
cyber-attacks, malware
etc.
|
Positive
and Negative
|